Chime
I got an offer from Chime recently. I am trying to figure out how does chime make money and grow revenue. Can someone tell me the business model? Is Chime worth the hyped?? #tech #chime #fintech
Can you share their interview process?
It's fairly valued now. So don't expect high returns anymore. But culture is Great, people are humble
Also what's the level and TC they offered?
With 6 yoe, Offering L4 with only TC 270k USD only. This is much lower than what I have expected.. but this is for Canada position.
$25b is fair value but I do expect an IPO higher than that. Whenever that is
NuBank is 35b+ rn and has held value. I’ve been following that one the closest
I’d be cautious about management and culture. Senior leadership and executives are too in the weeds, leaving little room for autonomy and space to do your best work. Very prescriptive style. Product overall lacks strategic direction. Pluses are generous benefits and extra long weekends every month. Pay is good too. I came from FAANG, and not impressed or inspired.
+1 I’m not Eng but came from FAANG and also feel the same
bbs763 are you Eng?
Offer details please, TC etc
Pivoting a bit here.. Does anyone know how come chime has only a handful of roles (5 total software engineers- from their career website) open? This feels unusual for a growing company, and for company at Chime's stage.
OP, what did you decide?
OP did you take the offer? How was the interview?
It’s literally on their website if you google it. Interchange fees when cardholders use the card https://www.chime.com/blog/how-does-chime-make-money/
So like any credit card. Though why not use a credit card with better rewards? Debit , you don’t get anything
Because there are a lot of folks that aren't given access to credit, don't receive a high enough credit line, or don't feel comfortable using a credit card in case it encourages irresponsible spending. Debit card is still the preferred payment method for the majority of Americans.